09-10288rRESOLIITION NO. 10288
CITY OF RICHFIELD
COUNTY OF HENNEPIN
STATE OF MINNESOTA
BEING A RESOLUTION APPROVING THE ELIlVIINATION OF
PARCELS FROM THE INTERSTATE-LYNDALE-NICOLLET (ILN}
TAX INCREMENT FINANCING DISTRICT WITHIN THE RICHFIELD
REDEVELOPMENT PROJECT AREA OF THE CITY OF RICHFIELD.
WHEREAS, on October 21, 1985, the City of Richfield (the "City") created the Interstate-
Lyndale-Nicollet Tax Increment Financing District(the "Interstate-Lyndale-Nicollet District") within the
Richfield Redevelopment Project Area (the ".Project"); and
WHEREAS, the Housing Tax Increment Financing District 2009-1 (Candlewood Outlot)
included parcel number 34-028-24-33-0087 which was previously certified in the Interstate-Lyndale-
Nicollet District; and
WHEREAS, the City Council of the City of Richfield held a public hearing on September 8, 2009
in regards to the elimination of parcel number 34-028-24-33-0087; and
WHEREAS, the City desires by this resolution to cause the elimination of parcel number 34-028-
24-33-0087 (the "parcel"} within the Interstate-Lyndale-Nicollet District thereby reducing the size of the
Interstate-Lyndale-Nicollet District.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield that the
Interstate Lyndale-Nicollet District is hereby modified to eliminate the, parcel and the City's staff shall
take such action as is necessary to notify the County Auditor of the reduction in the geographic area of the
Interstate-Lyndale-Nicollet District caused by the elimination of such parcel.
Approved by the Richfield City Council this the 8th day of September, 2009.
c
Debbie Goettei, Mayor